– AAA Lendings Portfolio Program – AAA Lendings Detail:
Overview
Portfolio Bank Statement
Portfolio DSCR
Portfolio Foreign National DSCR
* Retail Only
Details
1) 5/6 ARM 30 Day Average SOFR (5/1/5);
2) Buydown ratio under par 1:2;
3) Range of Loan Amount $500,000 – $5,000,000.
* Buyup ratio over par unacceptable
Portfolio Bank Statement
1) UW Fee $1495 & Processsing Fee $845;
2) Trust/Entity Review Fee $300, if applicable;
3) Bank Statement Income Max. LTV 65%;
4) Bank Statement – Interest Only Max. LTV 60%;
5) Min. Loan Amount $500,000;
6) Foreign National – Not Eligible;
7) 18-Month Pre-Payment Penalty is equal to 6 months interest;
8) Min. 12 months PITIA on subject property as the reserves;
9) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.
Portfolio DSCR
1) UW Fee $1495 & Processsing Fee $845;
2) Trust/Entity Review $300, if applicable;
3) Min. Loan Amount $500,000;
4) Foreign National – Not Eligible;
5) Min. DSCR 1.000;
6) Loan Made to Natural Person – No Entity Borrowers;
7) 2-4 Unit Property is Eligible and 5% Reduction in Max. LTV/CLTVs on Matrix;
8) 18-Month Pre-Payment Penalty is equal to 6 months interest;
9) Min. 12 months PITIA on subject property as the reserves;
10) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.
Portfolio FN DSCR
1) UW Fee $1495 & Processsing Fee $845;
2) Trust/Entity Review $300, if applicable;
3) Foreign National Review $250;
4) Min. Loan Amount $500,000;
5) Min. DSCR 1.000;
6) Interest Only – Not Allowed;
7) Power of Attorney – Not Allowed;
8) Pre-Payment Penalty (Investor only) is 18 months and equal to 6 months interest.
9) Min. 12 months PITIA on subject property as the reserves;
10) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.
How to Calculate Portfolio DSCR?
DSCR shall be calculated as follows: DSCR = *Net Rental Income ÷ Qualifying Monthly Payment (P and I only);
*Net Rental Income = Gross Rents * (1 – Expense Factor);
Expense Factors: Property without HOA = 25%, Property with HOA = 30%;
Rent will be the lesser of: Current lease income or the amount on the 1007 provided by the appraiser showing the estimated market rent schedule.
Product detail pictures:
Related Product Guide:
For many of our clients, a mortgage is more than just a financial transaction; it's a significant life milestone. Whether you're a first-time homebuyer or a seasoned real estate investor, we approach each application with the care and attention it deserves. We take the time to understand your goals and aspirations, ensuring that your mortgage aligns with your vision for your future. – AAA Lendings Portfolio Program – AAA Lendings , The product will supply to all over the world, such as: Lisbon , Rotterdam , Naples , Our product quality is one of the major concerns and has been produced to meet the customer's standards. Customer services and relationship is another important area which we understand good communication and relationships with our customers is the most significant power to run it as a long term business.
By Ida from Mozambique - 2018.06.18 17:25
A good manufacturers, we have cooperated twice, good quality and good service attitude.
By Eileen from Bulgaria - 2018.10.09 19:07